Market Chatter: SK Hynix Scouts Japan Sites for New Memory Chip Plant

MT Newswires Live

6 hours ago

SK hynix (KRX:000660) is evaluating potential locations in Japan for a memory chip manufacturing expansion to meet soaring AI demand while managing costs, Bloomberg News reported on Monday, citing Chairman Chey Tae-won in an interview.

The company is looking for sites with a good supply of power and water, but declined to specify partners or locations, the news wire said.

The move is part of a global capacity buildout that includes a $39 billion Korean expansion and a new Indiana packaging facility, the publication said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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